Cyber Security Industry($FTNT, $SPLK, $ZS...) Stocks: A Glimpse into the 7.13% Average Monthly Gain
The cyber security realm is dedicated to providing software and services that fortify networks, websites, and IT infrastructures against potential threats. Falling under the tech sector, these companies might exhibit more volatility than others. However, the emphasis on security often supersedes other tech expenditures. Renowned players in this domain include Check Point Software, FireEye, and Fortinet. The escalating reliance on technology by businesses underscores the ever-growing need for robust cyber security measures.
Tickers in Industry - $FTNT, $CHKP, $QLYS, $SPLK, $RDWR, $PANW, $CYBR, $RPD, $SCWX, $OKTA, $ZS, $OSPN, $TENB, $CRWD
Swing Trader: Medium Volatility Stocks for Active Trading (TA&FA)
Notable Companies
- Palo Alto Networks (NASDAQ:PANW)
- CrowdStrike Holdings (NASDAQ:CRWD)
- Zscaler (NASDAQ:ZS)
- Splunk (NASDAQ:SPLK)
- Okta (NASDAQ:OKTA)
- CyberArk Software Ltd (NASDAQ:CYBR)
Market Capitalization
The cyber security industry boasts an average market capitalization of $18.4B. Valuations within this group span from $486.5M to a whopping $74.9B. Leading the pack, Palo Alto Networks (PANW) is valued at $74.9B, while OSPN stands at the spectrum's lower end with a valuation of $486.5M.
Price Movements: Highs and Lows
Over the past month, the industry has seen an average price growth of 4.48%, with a weekly growth rate of 6.34% and a quarterly growth of 6.51%. Okta (OKTA) emerged as a top performer with a 19.29% surge, while Check Point Software (CHKP) experienced a slight dip of -0.96%.
Key Price Movements:
- CrowdStrike Holdings (CRWD, $163.03) surged by +12.09% as of 9/1/23.
- CrowdStrike Holdings (CRWD, $144.03) faced a decline of -6.41% as of 8/29/23.
- Splunk (SPLK, $112.83) enjoyed a significant boost of +16.14% as of 8/25/23.
Volume Analysis
The industry experienced an average weekly volume growth of 29.82%. However, the monthly and quarterly volume growth rates were -14.48% and -14.57%, respectively.
Noteworthy Volume Movements:
- Fortinet stock's volume surged for four consecutive days, marking a record-breaking daily growth of 129% of the 65-Day Volume Moving Average on 8/11/23.
- Fortinet stock's volume rose for three consecutive days, achieving a daily growth of 145% of the 65-Day Volume Moving Average on 8/10/23.
- Palo Alto Networks stock witnessed a daily volume spike of 503% of the 65-Day Volume Moving Average on 6/17/23.
Fundamental Analysis Ratings
The fundamental analysis ratings offer insights into the industry's health and potential. While specific ratings were not provided, it's essential to note that a rating closer to 1 indicates a more favorable outlook, while a rating closer to 100 suggests challenges or concerns.
The cyber security industry's recent performance, especially the 7.13% average monthly gain, underscores its vitality and the innovative strides being made by companies within this theme.
FTNT - On August 29, 2023, FTNT's Momentum Indicator crossed the pivotal 0 mark, hinting at a potential upward trajectory for the stock. Investors might see this as an opportune moment to acquire shares or explore call options. Historical data from Tickeron's A.I.dvisor reveals that in 80 out of 100 previous instances when this positive shift occurred, FTNT experienced subsequent gains. This suggests an 80% likelihood of the stock continuing its ascent in the near term.
CHKP - On August 7, 2023, CHKP's Aroon Indicator signaled a potential upward trajectory. Tickeron's A.I.dvisor noted the AroonUp green line surpassing the 70 mark, while the AroonDown red line remained below 30. This specific pattern often indicates a bullish momentum. Investors might consider this an opportune moment to acquire shares or delve into call options. Historical analysis reveals that in 150 out of 251 past occurrences with similar Aroon patterns, CHKP experienced subsequent gains. This suggests a 60% probability of the stock continuing its upward trend in the near future.
QLYS - On August 11, 2023, QLYS surpassed its upper Bollinger Band, often indicating a potential price correction towards the middle band. Investors might interpret this as a cue to possibly offload shares or consider put options. Historical data from A.I.dvisor reveals that in 38 out of 49 previous instances where QLYS exhibited a similar breach, the stock experienced a decline in the subsequent period. This suggests a 78% likelihood of a downward adjustment in the stock's price in the near term.
